Sweden-based Lantmännen Unibake has acquired the production assets of French Bakery Company AS, at a factory located in Drammen, Norway.
The purchase includes the acquisition of French Bakery Company’s production equipment, and all employees at the site will move over to Lantmännen.
According to Lantmännen, the takeover strengthens Lantmännen Unibake’s position in Norway, as it will provide opportunities for expansion in foodservice and retail and allow the production of new products.
The company also announced that the move will support Lantmännen Unibake’s local bakeries, and supports the international bakery group’s focus on core markets and sustainable production.
Werner Devinck, CEO of Lantmännen Unibake, said: “French Bakery Company is a modern bakery with high bake-off expertise and quality standards. Geographically, the bakery is well-positioned for our current Norwegian operations and fits into our strategy and ambition.
“Building on our focus on sustainability from field to fork, locally produced bakery products and short time-to-market, we believe there is a very good potential to grow the business further and continue to deliver great results.”
Thomas Bjarkholm, managing director of Lantmännen Unibake Norway, added: “Lantmännen Unibake Norway sees strong growth potential for bake-off products in Norway and our focus is to meet the needs of our foodservice and retail customers.
“With increased flexibility, tailor-made and locally produced products, the acquisition will expand our current offer. It enables our business to strengthen our sustainability efforts through locally sourced raw materials and locally produced products, while also supporting our target to reduce the CO2 footprint through shorter transportation distances,”
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